Once Upon a Farm Initial Public Offering Prices

MT Newswires Live02-06 17:11

Once Upon a Farm (OFRM) said late Thursday it priced an initial public offering of 10,997,209 common shares at $18 each.

The company is offering 7,631,537 shares in the IPO, with the rest offered by certain existing stockholders.

Underwriters have a 30-day overallotment option to purchase up to 1,649,581 additional shares.

The company expects its shares to start trading on the New York Stock Exchange under the ticker symbol OFRM Friday.

Once Upon a Farm expects the IPO to close Monday and plans to use its net proceeds to repay outstanding borrowings under its credit facility, among other things.

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